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All investments involve risks, including possible loss of principal.
For more information on Franklin Templeton funds, visit franklintempleton.com, contact your financial advisor or call 1-800 DIAL BEN / (800) 342-5236 for a free prospectus. Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.

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One Franklin Parkway
San Mateo, CA 94403-1906
For US residents only.

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